Beta Theta Pi Fraternity

All members of the General Fraternity Board of Trustees, the Beta Theta Pi Foundation Board of Directors, the General Fraternity House Corporation (GFHC) Board of Directors or members of any committee thereof, or officers or employees of either entity have a duty to be free from influence by any conflicting interest when they act on behalf of the Fraternity, Foundation or GFHC when they represent Beta Theta Pi in negotiations, or advise others with respect to dealing with third parties. They are expected to deal with suppliers, customers, contractors and others having dealings with Beta Theta Pi General Fraternity, Beta Theta Pi Foundation or the GFHC solely on the basis of what is in the best interest of the Fraternity, Foundation or GFHC without favor or preference based on personal considerations.

1. No member of the General Fraternity Board of Trustees, the Foundation Board of Directors or the GFHC Board of Directors shall accept from any person, directly or indirectly, whether by himself or through his spouse or member of his family, or through any partner, business or professional association, any gift, favor, service, employment or offer of employment or any other thing of value that he knows, or has reason to believe is made or offered with the intent to influence him in the performance of his duties as a member of the board or member of a committee thereof, or officer or employee of the Fraternity.

2. No member of the General Fraternity Board of Trustees, the Foundation Board of Directors or the GFHC Board of Directors or any committee thereof, or officer or employee of the Fraternity who is a partner, officer, or employee of a partnership, firm or corporation, or who owns or controls more than 10% of the stock of such corporation shall represent, appear for, or negotiate on behalf of the Fraternity, Foundation or GFHC in connection with the acquisition or sale by the Fraternity, Foundation or GFHC of any interest in real or tangible personal property to or from such partnership, firm or corporation.

3. No member of the General Fraternity Board of Trustees, the Foundation Board of Directors or the GFHC Board of Directors, or any committee thereof shall participate by discussion, vote, or any other action taken by the boards or any committee thereof in the enactment or defeat of a motion relating to a transaction with parties referenced in paragraph 2 above. In instances where such matters are discussed at a meeting where a board or committee member having such an interest is present, he shall promptly disclose to the meeting chairman his interest in the matter under consideration. He shall not cast a vote on the matter and, at the discretion of the disinterested members present, may be required to leave the meeting during discussion and voting on the matter.